Consumer and commercial products company Newell Rubbermaid, Inc. Friday reported a decline in the third-quarter profit, amid higher expenses and marginal increase in revenues. Normalized earnings beat analysts' expectations, while revenues came in below view. The firm reaffirmed its outlook for 2014, and 2015.
Eurozone inflation rose slightly in October but it remained consistently below 1 percent, signifying the risk of deflation in the currency bloc. At the same time, the unemployment rate held steady at an elevated level in September. Inflation rose marginally to 0.4 percent in October from 0.3 percent in September, flash data from Eurostat showed Friday.
Russia's central bank lifted its key rate sharply by a bigger-than-expected 150 basis points to counteract the slide in ruble and rising inflation. The Bank of Russia decided on Friday to raise its key rate to 9.50 percent from 8 percent. The bank was expected to hike its rate by 50 basis points. This was the fourth interest rate increase this year.
UK-based risk and insurance brokerage service provider Aon Corp. (AON) Friday said profit for the third quarter increased from the prior year, supported by higher revenues. Both earnings and revenues in the company's seasonally weakest quarter topped Wall Street expectations.
Hilton Worldwide Holdings, Inc. Friday reported a decline in the third quarter profit, reflecting higher expenses, despite growth in revenues. The hospitality firm also lifted its adjusted earnings per share outlook for full year 2014.
Trading in the U.S. index futures suggests that U.S. stocks may open notably higher, as the Bank of Japan's decision to expand monetary policy stimulus has set in motion large scale buying of risky bets across the global markets. Asian stocks ended notably higher earlier in the global trading day, while...
Camera maker GoPro Inc. (GPRO) has wowed investors with yet another strong quarter, reporting revenue and earnings well above its earlier projections.
Russia has agreed to resume gas supplies to Ukraine under a $4.6 billion dollar winter package, which will also secure gas for the European Union as the cold season approaches. The European Union has been mediating discussions to help find a sustainable solution to the dispute between Russia and Ukraine over gas pricing, supply and payment dues. After seven rounds of negotiations in recent months
Royal Bank of Scotland Group Plc Friday reported a profit for the third quarter compared with a loss last year, reflecting a rise in interest income, as well as impairment provision releases. The lender also set aside 400 million pounds, related to potential costs following investigations into the foreign exchange market.
International Consolidated Airlines Group S.A. (IAG.L, BAIRY.PK, BAY.L), formed by the merger of British Airways plc and Spanish flag carrier Iberia Lineas Aereas de Espana S.A., Friday said pre-tax profit for the third quarter increased from last year, along with a significant rise in revenues. Further, the company raised its earnings forecast for the year.
Belgian brewer Anheuser-Busch InBev NV, known as AB InBev, Friday reported higher third-quarter profit, driven by growth in revenues. Meanwhile, total volumes declined 2.6 percent, with own beer volumes down 2.7 percent, hurt by weakness in Russia and China.
French lender BNP Paribas reported Friday higher profit in its third quarter, reflecting revenue growth in all the operating divisions as well as a lower cost of risk. CEO Jean-Laurent Bonnafé said, "BNP Paribas Group delivered this quarter a very good overall performance thanks to its diversified business and geographic mix."
Japanese consumer electronics maker Sony Corp. (SON.L, SNE) Friday said the second-quarter net loss widened from last year, as the company incurred a hefty impairment charge in the quarter.
European stocks look set to open sharply higher on Friday, as improving growth prospects in the U.S. and fresh signs that global central banks will continue to be proactive in ensuring price stability helped increase the appeal of riskier assets.
Asian stocks are rising across the board, with Japan's...
Groupon reported a wider loss, hurt by stock-compensation expense and other costs that offset growth in revenues. Nonetheless, the quarterly results topped Wall Street estimates. The company provided weak guidance for the current quarter, but exuded confidence on becoming a strong mobile commerce player.